wow, a lot to unpack here (not good, mischaracterisations of MMT)
would first and foremost highly suggest talk with someone like , , or even to better understand MMT and inflation dynamics w money supply
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mostly the problem is that seems to be looking at USD as just a token rather than understanding endogeneity of money, banking system, and the special role of central govt with fiat
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what's an example of something I got wrong?
not to be a dick--but listing out a bunch of different authors is not super helpful; there are tons of people who write on this, they don't all agree with each other, and with most it's hard to find their good stuff.
usually when talking about something like MMT you would probably want to read or talk to an actual MMT scholar / expert, which one did you read?
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also there's a lot more that goes into CPI (I understand when you say "bread" you're purposely oversimplifying to make a point), most ppl don't understand just how broad the data is bls.gov/news.release/p (and how many diff types of CPI calculations there are)
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Your chosen measure of inflation (a mix of M2, asset prices, and luxury goods prices) is kind of meaningless. Inflation should measure the cost of living - as you point out, your inflation measures all rose a lot w/o increasing CPI much. CPI is imperfect but still pretty good
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Said differently, if the value of everyone’s assets goes up by 10x but the cost of living only rises 2x, is that a bad outcome? I would argue no.
CPI measures the impact of monetary *and* fiscal policy (they’re separate, which you missed) on what matters: cost of living